Being in the public eye as a presidential candidate can be tough, as U.S. Rep. Michele Bachmann has already discovered. Covering the candidates can also be challenging for news organizations and personality types trying to keep up with the headlines-frenzy, as Fox and host Chris Wallace discovered.

A three-term Republican member of the U.S. House of Representatives from Minnessota, Bachmann was doing an interview Sunday with Fox News' Chris Wallace on the Fox News Sunday program in advance of announcing her presidential bid today in Iowa when the host asked her: Are you a fake?

Bachmann said she in response she was a serious person and that she found the insinuation that she is a flake insulting. The uncomfortable exchange came at the end of the interview on Fox. The next day Bachmann kicked off her campaign in Iowa, fairing respectably in polls which place her second to front-runner Mitt Romney, who had previously announced.

Wallace said during the interview with Bachmann that she had earned a reputation over her three terms in Washington for making questionable statements, such as labeling fellow members of Congress anti-American. He then paused and asked if she was a fake.

The Fox host apologized today for such strong editorializing in the interview, saying through a video apology on the Fox website he messed up with his question to Republican presidential candidate. Wallace said it's really about the answers and not the questions, I messed up. I'm sorry. I didn't mean any disrespect.

A year and a half after the Panama Papers leak hit headlines across the globe, the country's finance minister sat down with IBT to discuss what his department has been doing since then to clean up Panama's reputation on the world stage and keep the use of secretive tax havens in check.